“Topping the list for short-term, month-to-month profitability on a rental property is Oklahoma City, Okla.,” said Zillow, a housing analytics company. Rental property owners in Oklahoma City can expect to pocket up to $536 in monthly profits on a median home. That’s the difference between anticipated rental income and the monthly mortgage payment.

Other profitable short-term rental cities include Tulsa, Okla., Cincinnati and Miami. Click here for a full list of the top 10 short-term rental cities.

“When deciding if they should sell their home or rent it out, most mom-and-pop landlords are primarily concerned with whether or not they can cover their mortgage payment each month – they simply can’t absorb monthly losses like professional investors,” said Zillow chief economist Stan Humphries.

Landlords interested in long-term profits should look to San Jose, where they’ll make the most rental income: $8,927 per month or $107,124 per year. Keep in mind that when looking at long-term profits, tax benefits and accumulated home equity are also taken into account, and the majority of profits aren’t realized until the property is sold.

We recently told you that Oklahoma City is one of the fastest growing cities in the U.S., primarily because of an influx of middle-class families who are fleeing the coastal areas in search of more-affordable housing.

Do you rent out a home? How did you decide it was a sound investment? Share your comments below or on our Facebook page.

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rusobr2

my daughter & husband who live in Ft Collins, CO., were in the process of signing a 1 yr rental agreement for a house….. they have three children, ages, from 7-14…….. the house was being rented for 1350 a month, and the party asked em if they saw the latest news on rental properties as of this week….. nope, they hadn’t….. well now the lady wants 400 more for the rental property, making it 1750 a month…… my daughter, who is going to collage to become a DR., in the future, only has 8 months to go, my son has a good job that pays him on commission of approx 4000 a month, no way can they afford this house now………and both their cars, they own…….. but with the Obama health, and cutting down other help programs…… they’re sunk !!!!!!!!
i’m really happy that gas is starting to drop……..but “ONE” write-up like this about gas, and it will exhaust our pockets, and people are questioning why their are so many “family suicides”…… doesn’t take “NASA” to figure it out……..